For which of the following is demand most likely to be price inelastic?
A) lamb
B) meat
C) veal
D) pork
E) beef

Name: For which of the following is demand most likely to be price inelastic? A) lamb B) meat C) veal D) pork E) beef
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Question

Quizplus · Accepted Answer

Meat as a general category is likely to be price inelastic because it encompasses a wide range of products, making it a necessity for many consumers who may not easily substitute it with non-meat products.

For Which of the Following Is Demand Most Likely to Be